What you should know about ledger in Dynamics 365 for Finance and Operations

What you should know about ledger in Dynamics 365 for Finance and Operations

This post is about the key points of Dynamics 365 for Finance and Operations (aka D365FO) ledger functionality. It can be very beneficial to have this knowledge to better understand what is going on under the hood of D365FO. This knowledge helps to solve potential issue you can have with the ledger, such as traceability of the entry to figure out why the entry was created, or resolving inconsistency between ledger and module records.

This post is also applicable for Dynamics AX 2012 (aka AX2012).

Continue reading “What you should know about ledger in Dynamics 365 for Finance and Operations”

How to collect financial data by sites in Dynamics 365 for Finance and Operations

How to collect financial data by sites in Dynamics 365 for Finance and Operations

Let’s say you work for a company that has a few sites. The company uses MS Dynamics 365 for Finance and Operations (aka D365FO). The chief financial officer of the company has a requirement to collect costs of goods sold (aka COGS) and revenues by sites of the company. It is needed to report margin individually for each site. You are in charge of resolving this request. In this blog post I will show you how the requirement can be met.

This post is also applicable to MS Dynamics AX 2012 (aka AX 2012, or DAX 2012).

Continue reading “How to collect financial data by sites in Dynamics 365 for Finance and Operations”

Financial dimension values flow in D365FO. Materials and batch order example

Financial dimension values flow in  D365FO. Materials and batch order example

MS Dynamics 365 for Finance and Operations (aka D365FO) offers a very strong financial functionality. A company can collect financial data in different dimensions. For example collecting data for overhead expenses and adding a cost center for every ledger entry.

D365FO allows setting default values for different master records like products, vendors, customers, and so on. As an example, a cost center can be set on all finished goods items and materials consumed. These values go to the ledger by default.

In this post, I will show you how the default values go to the ledger. I use D365FO batch order functionality to demonstrate how it works. Continue reading “Financial dimension values flow in D365FO. Materials and batch order example”

Standard costing. Or how to control costs of production

Standard costing. Or how to control costs of production

Every company wants to achieve a high level of profit. Costs of production is a factor that can easily destroy the plan. It can be tricky to control those costs as they depend on prices and quantities of materials used, cost and hours of labor involved, and overhead costs.

The solution to manage that control has been available since at least the 1920s. At that time standard costing was introduced. A standard costing system helps you to take over control of manufacturing costs. Implementation of standard costing by leveraging modern Information Technology makes this control much easier, more efficient, and more affordable. Continue reading “Standard costing. Or how to control costs of production”